The price of Kinross Gold Corporation (NYSE:KGC) shares last traded on Wall Street fell -1.28% to $4.62.
Based on available information, 18 analysts follow Kinross Gold Corporation (NYSE:KGC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $8.20 and a low of $3.50, we find $6.50. Given the previous closing price of $4.68, this indicates a potential upside of 38.89 percent. KGC stock price is now -4.73% away from the 50-day moving average and 1.49% away from the 200-day moving average. The market capitalization of the company currently stands at $5.74B.
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Among analysts, 8 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $6.13 as their price target over the next twelve months.
With the price target maintained at $4.70, BofA Securities recently Downgraded its rating from Buy to Underperform for Kinross Gold Corporation (NYSE: KGC).
A total of 0.28% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KGC stock. A new stake in Kinross Gold Corporation shares was purchased by PRICE T ROWE ASSOCIATES INC /MD/ during the first quarter worth $10,553,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $8,178,000 in shares of KGC during the first quarter. In the first quarter, NATIXIS acquired a new stake in Kinross Gold Corporation valued at approximately $8,074,000. HILLSDALE INVESTMENT MANAGEMENT INC. acquired a new stake in KGC for approximately $7,372,000. POWER CORP OF CANADA purchased a new stake in KGC valued at around $4,198,000 in the second quarter. In total, there are 573 active investors with 69.90% ownership of the company’s stock.
A candlestick chart of Kinross Gold Corporation (NYSE: KGC) showed a price of $4.6600 on Friday morning. During the past 12 months, Kinross Gold Corporation has had a low of $3.09 and a high of $5.57. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.60, and a quick ratio of 0.60. The fifty day moving average price for KGC is $4.8480 and a two-hundred day moving average price translates $4.5573 for the stock.
The latest earnings results from Kinross Gold Corporation (NYSE: KGC) was released for Jun, 2023. According to the Gold Company, earnings per share came in at $0.14, beating analysts’ expectations of $0.08 by 0.06. This compares to -$0.02 EPS in the same period last year. The net profit margin was 5.10% and return on equity was 3.40% for KGC. The company reported revenue of $1.09 billion for the quarter, compared to $821.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.96 percent. For the current quarter, analysts expect KGC to generate $1.04B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2023. Investors who held shares on 08/24/2023 were paid a $0.03 dividend. On an annualized basis, this represents a $0.12 dividend and a 2.60% percent yield. There was an ex-dividend date of 08/23/2023 for this dividend. In terms of dividend payout ratio, KGC is presently at 73.90%.
